---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-26-000257"
form_type: "8-K"
ticker: null
cik: "0001350156"
company_name: "PREAXIA HEALTH CARE PAYMENT SYSTEMS INC."
filed_at: "2026-02-26T23:59:59+00:00"
generated_at: "2026-05-15T23:28:10.471587+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PreAxia dismisses auditor Saddler Gibb amid missed deadline; hires M&K CPAs

## Summary
- Dismissed Saddler Gibb & Associates as auditor effective Feb 19, 2026; engagement lasted from Dec 23, 2025.
- No audit reports issued by SaddlerGibb; discussions on valuation and materiality were inconclusive.
- PreAxia missed a filing deadline and is in communication with SEC Office of Chief Accountant.
- Engaged M&K CPAs on Feb 20, 2026 as new independent registered public accounting firm.
- Prior auditors Fruci (resigned Dec 9, 2025) and GreenGrowth (resigned Oct 25, 2024) had no disagreements.

## SEC filing metadata
- accession: 0001079973-26-000257
- form_type: 8-K
- cik: 0001350156
- company_name: PREAXIA HEALTH CARE PAYMENT SYSTEMS INC.
- filed_at: 2026-02-26T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1350156/000107997326000257/0001079973-26-000257-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1350156/000107997326000257/paxh_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-26-000257
- JSON: https://secwatch.observer/filing/0001079973-26-000257.json
- Plain text: https://secwatch.observer/filing/0001079973-26-000257.txt

## Source-grounded claims
- claim_id: 113a373c1fbebb95d3e654fbe24a12d252b8cee0
  claim: PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. engaged M&K CPAs (M&K) as its auditor.
  evidence_excerpt: On February 20, 2026, the Registrant engaged the firm of M&K CPAs (M&K") to serve as its independent registered public accounting firm to audit its consolidated financial statements as of May 31, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1350156/000107997326000257/0001079973-26-000257-index.htm
- claim_id: 25a013f59cf798494c6a418d7470e28b9cdd9254
  claim: PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. dismissed Saddler Gibb & Associates (SaddlerGibb) as its auditor.
  evidence_excerpt: On February 19, 2026, PreAxia Health Care Payment Systems Inc. notified Saddler Gibb & Associates (SaddlerGibb) of its dismissal, effective as of the same day, as the Registrant's independent registered public accounting firm.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1350156/000107997326000257/0001079973-26-000257-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.